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Understanding Property Liens Several entities in Ontario can place a lien on your house, each regulated by specific laws and criteria. Knowing these regulations helps you safeguard your property. Construction Act Under the Construction Act, any individual or entity supplying services or materials for property improvement can place a lien on the home. This includes:… Continue reading Who Can Put a Lien on Your House in Ontario? Find Out Here

Key Highlights The closing process for buyers and sellers is different, with buyers typically signing more documents. Sellers need to bring keys, codes, and garage door openers to closing. Buyers and sellers both need to bring necessary identification to closing. Sellers may need to bring final utility bills and of repairs to closing. Buyers should… Continue reading Who Signs First at Closing: Buyer or Seller?

Key Highlights Closing delays can result in penalties for the buyer, such as perem charges and forfeiting the earnest money deposit. Sellers have the option to cancel the sale if the closing is delayed, but buyers can seek legal recourse if they have a legitimate reason for the delay. Compensation for delayed closings can be… Continue reading Essential Guide to Delayed Closing Compensation

The excitement of buying a Toronto home is undeniable. After searching countless listings, navigating competitive bidding wars, and finally having your offer accepted, the finish line is in sight. You’ve likely envisioned packing boxes, planning renovations, and making your new place truly feel like home. But what happens when unforeseen circumstances threaten to derail that… Continue reading What Happens If I Can’t Close on My Toronto House?

Understanding Property Transfer Laws in Canada Property transfer laws in Canada are governed by both federal and provincial regulations. Transferring property from parent to child involves legal documents that need to be prepared, such as a deed of transfer. Additionally, there may be property transfer taxes that vary by province. It is important to comply… Continue reading Property Transfer from Parent to Child in Canada